-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NCbSmNbmCNj1YPylKq93jHQeoLD2QfckQ3iK5Cz34CoWUAaL6m80yFijDQiWzD1p CpUI9ETGWPSGghYVr99Xag== 0000891804-09-001072.txt : 20090401 0000891804-09-001072.hdr.sgml : 20090401 20090401155050 ACCESSION NUMBER: 0000891804-09-001072 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090131 FILED AS OF DATE: 20090401 DATE AS OF CHANGE: 20090401 EFFECTIVENESS DATE: 20090401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN PREMIER MUNICIPAL INCOME FUND INC CENTRAL INDEX KEY: 0000880845 IRS NUMBER: 363792252 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06456 FILM NUMBER: 09723295 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178200 N-Q 1 nq1.htm NPF Form N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-6456         

        Nuveen Premier Municipal Income Fund, Inc.         
(Exact name of registrant as specified in charter)

Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         

(Address of principal executive offices) (Zip code)


Kevin J. McCarthy Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         

(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:            10/31          

Date of reporting period:         1/31/09         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

    Portfolio of Investments (Unaudited)             
    Nuveen Premier Municipal Income Fund, Inc. (NPF)             
    January 31, 2009             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 

    Alabama – 1.6% (1.0% of Total Investments)             
$       2,000    Alabama Special Care Facilities Financing Authority, Revenue Bonds, Ascension Health, Series    11/16 at 100.00    Aa1   $   1,721,880 
     2006C-2, 5.000%, 11/15/39 (UB)             
    Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health             
    System Inc., Series 2005A:             
1,200     5.250%, 11/15/20    11/15 at 100.00    Baa1    887,160 
400     5.000%, 11/15/30    11/15 at 100.00    Baa1    237,880 
1,000    Montgomery BMC Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist    11/14 at 100.00    A3 (4)    1,184,870 
     Medical Center, Series 2004C, 5.250%, 11/15/29 (Pre-refunded 11/15/14)             

4,600    Total Alabama            4,031,790 

    Alaska – 1.0% (0.6% of Total Investments)             
2,000    Alaska Housing Finance Corporation, General Mortgage Revenue Bonds, Series 1999A, 6.000%,    6/09 at 101.00    AAA    2,012,180 
     6/01/49 – MBIA Insured             
1,000    Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,    6/14 at 100.00    Baa3    521,620 
     Series 2006A, 5.000%, 6/01/46             

3,000    Total Alaska            2,533,800 

    Arizona – 8.0% (4.9% of Total Investments)             
    Glendale Industrial Development Authority, Arizona, Revenue Bonds, John C. Lincoln Health             
    Network, Series 2005B:             
100     5.250%, 12/01/24    12/15 at 100.00    BBB    74,628 
135     5.250%, 12/01/25    12/15 at 100.00    BBB    99,118 
7,000    Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 0.000%,    No Opt. Call    AA    5,071,570 
     7/01/39 – FGIC Insured             
7,500    Salt River Project Agricultural Improvement and Power District, Arizona, Electric System    1/13 at 100.00    Aa1    7,625,025 
     Revenue Bonds, Series 2002B, 5.000%, 1/01/25 (UB)             
6,000    Salt River Project Agricultural Improvement and Power District, Arizona, Electric System    1/12 at 101.00    Aa1    6,579,840 
     Revenue Refunding Bonds, Series 2002A, 5.250%, 1/01/15             
1,200    Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Series 2007,    No Opt. Call    A    783,348 
     5.000%, 12/01/37             

21,935    Total Arizona            20,233,529 

    Arkansas – 0.9% (0.5% of Total Investments)             
2,155    Arkansas Development Finance Authority, State Facility Revenue Bonds, Department of Correction    11/15 at 100.00    AAA    2,202,130 
     Special Needs Unit Project, Series 2005B, 5.000%, 11/01/25 – FSA Insured             
7    Stuttgart Public Facilities Board, Arkansas, Single Family Mortgage Revenue Refunding Bonds,    4/09 at 100.00    Aaa    7,301 
     Series 1993A, 7.900%, 9/01/11             

2,162    Total Arkansas            2,209,431 

    California – 21.5% (13.0% of Total Investments)             
10,000    Anaheim Public Finance Authority, California, Public Improvement Project Lease Bonds, Series    9/17 at 100.00    AA    7,369,600 
     2007A-1, 4.375%, 3/01/37 – FGIC Insured             
5,690    California Department of Veterans Affairs, Home Purchase Revenue Bonds, Series 2002A, 5.300%,    6/12 at 101.00    Aa2    5,920,388 
     12/01/21 – AMBAC Insured             
1,350    California Educational Facilities Authority, Revenue Bonds, University of Southern California,    10/15 at 100.00    AA+    1,285,241 
     Series 2005, 4.750%, 10/01/28 (UB)             
1,975    California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West,    No Opt. Call    A    1,960,128 
     Series 2004I, 4.950%, 7/01/26 (Mandatory put 7/01/14)             
500    California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity    7/15 at 100.00    BBB    288,910 
     Health System, Series 2005A, 5.000%, 7/01/39             
1,600    California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,    8/16 at 100.00    A+    1,390,720 
     Series 2001C, 5.250%, 8/01/31             
1,025    California Statewide Community Development Authority, Revenue Bonds, Sutter Health,    5/18 at 100.00    AA–    852,861 
     Series 2008B, Tender Option Bond Trust 3175, 13.377%, 11/15/48 (IF)             
4,900    California, General Obligation Bonds, Series 2004, 5.000%, 6/01/23 – AMBAC Insured    12/14 at 100.00    A+    4,907,791 
1,000    Chula Vista, California, Industrial Development Revenue Bonds, San Diego Gas and Electric    6/14 at 102.00    A2    1,003,840 
     Company, Series 1996A, 5.300%, 7/01/21             
25,000    Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series    No Opt. Call    AAA    20,231,997 
     1995A, 0.000%, 1/01/17 (ETM)             
3,500    Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement    6/17 at 100.00    BBB    1,882,440 
     Asset-Backed Bonds, Series 2007A-1, 5.125%, 6/01/47             
450    Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed    6/13 at 100.00    AAA    537,615 
     Bonds, Series 2003A-1, 6.750%, 6/01/39 (Pre-refunded 6/01/13)             
6,005    Los Angeles Unified School District, California, General Obligation Bonds, Series 2005E,    7/15 at 100.00    AA–    6,234,992 
     5.000%, 7/01/22 – AMBAC Insured             
    San Diego County, California, Certificates of Participation, Burnham Institute, Series 2006:             
100     5.000%, 9/01/21    9/15 at 102.00    Baa3    79,473 
110     5.000%, 9/01/23    9/15 at 102.00    Baa3    83,796 

63,205    Total California            54,029,792 

    Colorado – 7.5% (4.6% of Total Investments)             
1,000    Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan    6/16 at 100.00    A–    764,660 
     Society, Series 2005, 5.000%, 6/01/29             
1,150    Colorado Health Facilities Authority, Revenue Bonds, Parkview Medical Center, Series 2004,    9/14 at 100.00    A3    1,015,278 
     5.000%, 9/01/25             
400    Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Health Care, Series 2005F,    3/15 at 100.00    BBB+    329,696 
     5.000%, 3/01/25             
1,000    Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Healthcare Inc., Series    12/09 at 101.00    Aa3 (4)    1,052,460 
     1999A, 5.750%, 12/01/23 (Pre-refunded 12/01/09) – FSA Insured             
750    Colorado Health Facilities Authority, Revenue Bonds, Vail Valley Medical Center, Series 2004,    1/15 at 100.00    BBB+    734,813 
     5.000%, 1/15/17             
    Denver City and County, Colorado, Airport Revenue Bonds, Series 2006:             
4,170     5.000%, 11/15/23 – FGIC Insured    11/16 at 100.00    AA    4,191,059 
6,800     5.000%, 11/15/24 – FGIC Insured    11/16 at 100.00    AA    6,869,428 
    Denver, Colorado, Airport Revenue Bonds, Trust 2365:             
1,725     12.736%, 11/15/23 – FGIC Insured (IF)    11/16 at 100.00    AA–    1,759,880 
2,235     12.728%, 11/15/25 – FGIC Insured (IF)    11/16 at 100.00    AA–    2,239,291 

19,230    Total Colorado            18,956,565 

    Connecticut – 0.8% (0.5% of Total Investments)             
2,020    Connecticut Development Authority, Pollution Control Revenue Refunding Bonds, Connecticut    4/09 at 102.00    Baa1    1,926,030 
     Light and Power Company, Series 1993A, 5.850%, 9/01/28             

    Florida – 1.6% (1.0% of Total Investments)             
1,700    Hillsborough County Industrial Development Authority, Florida, Exempt Facilities Remarketed    4/10 at 101.00    N/R    932,467 
     Revenue Bonds, National Gypsum Company, Apollo Beach Project, Series 2000B, 7.125%,             
     4/01/30 (Alternative Minimum Tax)             
2,500    Hillsborough County Industrial Development Authority, Florida, Pollution Control Revenue    10/12 at 100.00    Baa2    2,344,375 
     Bonds, Tampa Electric Company Project, Series 2002, 5.100%, 10/01/13             
1,000    South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System    8/17 at 100.00    AA–    771,430 
     Obligation Group, Series 2007, 5.000%, 8/15/42 (UB)             

5,200    Total Florida            4,048,272 

    Georgia – 4.9% (3.0% of Total Investments)             
8,050    George L. Smith II World Congress Center Authority, Atlanta, Georgia, Revenue Refunding Bonds,    7/10 at 101.00    AA    7,755,611 
     Domed Stadium Project, Series 2000, 5.500%, 7/01/20 – MBIA Insured (Alternative Minimum Tax)             
4,105    Municipal Electric Authority of Georgia, Combustion Turbine Revenue Bonds, Series 2003A,    11/13 at 100.00    AA    4,531,222 
     5.125%, 11/01/17 – MBIA Insured             

12,155    Total Georgia            12,286,833 

    Hawaii – 0.8% (0.5% of Total Investments)             
2,250    Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric    7/09 at 101.00    A    2,080,485 
     Company Inc., Series 1999D, 6.150%, 1/01/20 – AMBAC Insured (Alternative Minimum Tax)             

    Idaho – 0.2% (0.1% of Total Investments)             
75    Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1996E, 6.350%,    7/09 at 100.00    Aa1    75,104 
     7/01/14 (Alternative Minimum Tax)             
500    Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial    9/16 at 100.00    BBB–    380,830 
     Hospital, Series 2006, 5.250%, 9/01/26             

575    Total Idaho            455,934 

    Illinois – 11.3% (6.9% of Total Investments)             
580    Chicago Public Building Commission, Illinois, General Obligation Lease Certificates, Chicago    No Opt. Call    AA (4)    675,932 
     Board of Education, Series 1990B, 7.000%, 1/01/15 – MBIA Insured (ETM)             
8,670    Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999, 0.000%, 1/01/24 –    No Opt. Call    AA    4,083,917 
     FGIC Insured             
8,500    Chicago, Illinois, Senior Lien Water Revenue Bonds, Series 2001, 5.750%, 11/01/30 –    No Opt. Call    A    8,478,239 
     AMBAC Insured (5)             
200    Illinois Finance Authority, Revenue Bonds, Proctor Hospital, Series 2006, 5.125%, 1/01/25    1/16 at 100.00    BBB–    146,066 
1,000    Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002,    5/12 at 100.00    Aaa    1,106,880 
     5.500%, 5/15/32             
1,500    Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2002, 5.500%, 2/01/17 –    2/12 at 100.00    AA    1,629,030 
     FGIC Insured             
    Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel             
    Revenue Bonds, Series 2005B:             
850     5.250%, 1/01/25    1/16 at 100.00    AA    814,997 
1,750     5.250%, 1/01/30    1/16 at 100.00    AA    1,660,540 
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place             
    Expansion Project, Series 1996A:             
10,575     0.000%, 12/15/23 – MBIA Insured    No Opt. Call    AA    5,073,462 
10,775     0.000%, 12/15/24 – MBIA Insured    No Opt. Call    AA    4,799,293 

44,400    Total Illinois            28,468,356 

    Indiana – 2.9% (1.8% of Total Investments)             
2,275    Anderson School Building Corporation, Madison County, Indiana, First Mortgage Bonds, Series    1/14 at 100.00    AAA    2,683,203 
     2003, 5.500%, 7/15/23 (Pre-refunded 1/15/14) – FSA Insured             
6,180    Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown Point    No Opt. Call    AA    2,881,796 
     Community School Corporation, Series 2000, 0.000%, 1/15/23 – MBIA Insured             
1,250    Portage, Indiana, Revenue Bonds, Series 2006, 5.000%, 7/15/23    7/16 at 100.00    BBB+    1,025,388 
1,000    St. Joseph County Hospital Authority, Indiana, Revenue Bonds, Madison Center Inc., Series    2/15 at 100.00    BBB–    725,300 
     2005, 5.250%, 2/15/28             

10,705    Total Indiana            7,315,687 

    Iowa – 0.9% (0.5% of Total Investments)             
4,000    Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,    6/15 at 100.00    BBB    2,203,040 
     5.500%, 6/01/42             

    Kentucky – 0.1% (0.1% of Total Investments)             
510    Louisville and Jefferson County Metropolitan Government, Kentucky, Industrial Building Revenue    10/16 at 100.00    N/R    392,267 
     Bonds, Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/35             

    Louisiana – 6.0% (3.7% of Total Investments)             
1,310    Louisiana Housing Finance Agency, GNMA Collateralized Mortgage Revenue Bonds, St. Dominic    3/09 at 100.00    AAA    1,310,511 
     Assisted Care Facility, Series 1995, 6.850%, 9/01/25             
1,500    Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,    5/17 at 100.00    A3    1,110,315 
     Series 2007A, 5.500%, 5/15/47             
    Louisiana State, Gasoline Tax Revenue Bonds, Series 2006:             
825     4.750%, 5/01/39 – FSA Insured (UB)    5/16 at 100.00    AAA    758,093 
8,880     4.500%, 5/01/41 – FGIC Insured (UB)    5/16 at 100.00    AA–    7,588,226 
5    Louisiana State, Gasoline Tax Revenue Bonds, Series 2006, Residuals 660-3, 15.130%, 5/01/41 –    5/16 at 100.00    AA–    2,091 
     FGIC Insured (IF)             
3,950    Morehouse Parish, Louisiana, Pollution Control Revenue Bonds, International Paper Company,    No Opt. Call    BBB    3,537,186 
     Series 2002A, 5.700%, 4/01/14             
1,375    Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,    5/11 at 101.00    BBB    873,318 
     Series 2001B, 5.875%, 5/15/39             

17,845    Total Louisiana            15,179,740 

    Maine – 1.2% (0.7% of Total Investments)             
2,930    Maine State Housing Authority, Single Family Mortgage Purchase Bonds, Series 2004A-2, 5.000%,    5/13 at 100.00    AA+    2,924,023 
     11/15/21 (Alternative Minimum Tax)             

    Maryland – 1.2% (0.7% of Total Investments)             
2,000    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health,    8/14 at 100.00    A–    1,887,260 
     Series 2004, 5.375%, 8/15/24             
1,550    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland    7/16 at 100.00    AA    1,211,403 
     Health, Series 2006A, 4.750%, 7/01/36 – MBIA Insured             

3,550    Total Maryland            3,098,663 

    Massachusetts – 1.7% (1.0% of Total Investments)             
1,000    Massachusetts Development Finance Authority, Revenue Bonds, Hampshire College, Series 2004,    10/14 at 100.00    BBB    784,230 
     5.625%, 10/01/24             
3,000    Massachusetts, Special Obligation Dedicated Tax Revenue Bonds, Series 2004, 5.250%, 1/01/24    1/14 at 100.00    A (4)    3,417,600 
     (Pre-refunded 1/01/14) – FGIC Insured             

4,000    Total Massachusetts            4,201,830 

    Michigan – 4.1% (2.5% of Total Investments)             
2,925    Detroit, Michigan, General Obligation Bonds, Series 2003A, 5.250%, 4/01/17 – SYNCORA    4/13 at 100.00    Baa3    2,636,420 
     GTY Insured             
4,600    Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 4.625%,    7/16 at 100.00    AA    3,494,344 
     7/01/34 – FGIC Insured             
1,000    Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series    12/16 at 100.00    AA    883,810 
     2006A, 5.000%, 12/01/31 (UB)             
170    Monroe County Hospital Finance Authority, Michigan, Mercy Memorial Hospital Corporation    6/16 at 100.00    Baa3    97,294 
     Revenue Bonds, Series 2006, 5.500%, 6/01/35             
3,025    Wayne County, Michigan, Airport Revenue Refunding Bonds, Detroit Metropolitan Airport, Series    12/12 at 100.00    AA    3,170,079 
     2002C, 5.375%, 12/01/19 – FGIC Insured             

11,720    Total Michigan            10,281,947 

    Minnesota – 4.7% (2.8% of Total Investments)             
4,350    Cohasset, Minnesota, Pollution Control Revenue Bonds, Allete Inc., Series 2004, 4.950%, 7/01/22    7/14 at 100.00    A–    3,576,875 
1,000    Duluth Economic Development Authority, Minnesota, Healthcare Facilities Revenue Bonds,    2/14 at 100.00    A– (4)    1,163,360 
     Benedictine Health System – St. Mary’s Duluth Clinic, Series 2004, 5.250%, 2/15/21             
     (Pre-refunded 2/15/14)             
2,290    Minneapolis-St. Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds,    12/13 at 100.00    Baa1    2,168,218 
     HealthPartners Inc., Series 2003, 6.000%, 12/01/20             
530    Minnesota Higher Education Facilities Authority, Revenue Bonds, University of St. Thomas,    10/14 at 100.00    A2    557,703 
     Series 2004-5Y, 5.250%, 10/01/19             
1,000    Minnesota Municipal Power Agency, Electric Revenue Bonds, Series 2004A, 5.250%, 10/01/19    10/14 at 100.00    A3    1,043,450 
3,000    St. Paul Port Authority, Minnesota, Lease Revenue Bonds, Office Building at Cedar Street,    12/13 at 100.00    AA+    3,210,480 
     Series 2003, 5.250%, 12/01/20             

12,170    Total Minnesota            11,720,086 

    Mississippi – 0.9% (0.5% of Total Investments)             
2,325    Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial    9/14 at 100.00    AA    2,257,529 
     Healthcare, Series 2004, 5.000%, 9/01/24 (UB)             

    Missouri – 1.0% (0.6% of Total Investments)             
100    Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal    3/16 at 100.00    BBB+    88,483 
     Regional Hospital, Series 2006, 5.000%, 3/01/22             
2,880    Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman    2/15 at 102.00    BBB+    2,490,422 
     Health System, Series 2004, 5.500%, 2/15/24             

2,980    Total Missouri            2,578,905 

    Nebraska – 2.5% (1.5% of Total Investments)             
1,580    Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska    No Opt. Call    Aa3    1,639,218 
     Medical Center, Series 2003, 5.000%, 11/15/16             
1,440    Grand Island, Nebraska, Electric System Revenue Bonds, Series 1977, 6.100%, 9/01/12 (ETM)    3/09 at 100.00    A1 (4)    1,572,811 
2,350    NebHelp Inc., Nebraska, Senior Subordinate Bonds, Student Loan Program, Series 1993A-5B,    No Opt. Call    A2    2,538,047 
     6.250%, 6/01/18 – MBIA Insured (Alternative Minimum Tax)             
515    Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska    2/17 at 100.00    AAA    650,275 
     City 2, Series 2006A, Trust 11673, 18.664%, 2/01/49 – AMBAC Insured (IF)             

5,885    Total Nebraska            6,400,351 

    New Hampshire – 2.0% (1.2% of Total Investments)             
5,000    New Hampshire Housing Finance Authority, FHLMC Multifamily Housing Remarketed Revenue Bonds,    7/10 at 101.00    Aaa    5,071,900 
     Countryside LP, Series 1994, 6.100%, 7/01/24 (Alternative Minimum Tax)             
90    New Hampshire Municipal Bond Bank, Revenue Bonds, Coe-Brown Northwood Academy, Series 1994,    No Opt. Call    N/R    89,432 
     7.250%, 5/01/09             

5,090    Total New Hampshire            5,161,332 

    New Jersey – 5.8% (3.5% of Total Investments)             
1,000    New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2005P,    9/15 at 100.00    AA–    1,012,720 
     5.250%, 9/01/24             
3,000    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2003C,    6/13 at 100.00    AAA    3,513,900 
     5.500%, 6/15/24 (Pre-refunded 6/15/13)             
    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C:             
25,000     0.000%, 12/15/35 – AMBAC Insured    No Opt. Call    AA–    4,289,000 
10,000     0.000%, 12/15/36 – AMBAC Insured    No Opt. Call    AA–    1,602,400 
1,500    New Jersey Turnpike Authority, Revenue Bonds, Series 2003A, 5.000%, 1/01/19 – FGIC Insured    7/13 at 100.00    AA    1,578,480 
2,500    New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.000%, 1/01/25 – FSA Insured    1/15 at 100.00    AAA    2,568,150 

43,000    Total New Jersey            14,564,650 

    New York – 20.7% (12.6% of Total Investments)             
10,000    Dormitory Authority of the State of New York, Revenue Bonds, State University Educational    5/10 at 101.00    AAA    10,734,999 
     Facilities Revenue Bonds, 1999 Resolution, Series 2000B, 5.500%, 5/15/30 (Pre-refunded             
     5/15/10) – FSA Insured             
1,500    Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds,    7/14 at 100.00    AA–    1,629,675 
     Upstate Community Colleges, Series 2004B, 5.250%, 7/01/19             
2,200    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%,    2/17 at 100.00    AA    1,629,496 
     2/15/47 – MBIA Insured             
7,500    Long Island Power Authority, New York, Electric System Revenue Bonds, Residual Series    6/16 at 100.00    AAA    7,770,075 
     2006A, 5.000%, 12/01/25 – FGIC Insured (UB)             
5,000    Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,    11/12 at 100.00    AA    5,151,050 
     Series 2002A, 5.125%, 11/15/21 – FGIC Insured             
2,000    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    12/14 at 100.00    AAA    2,063,100 
     Bonds, Fiscal Series 2005B, 5.000%, 6/15/23 – AMBAC Insured             
4,265    New York City, New York, General Obligation Bonds, Fiscal Series 2003D, 5.250%,    10/13 at 100.00    AA    4,361,517 
     10/15/22 (UB)             
1,200    New York City, New York, General Obligation Bonds, Fiscal Series 2004B, 5.250%, 8/01/15    8/14 at 100.00    AA    1,331,016 
1,000    New York City, New York, General Obligation Bonds, Series 2008, Trust 3217, 18.074%,    8/14 at 100.00    Aa3    1,197,600 
     8/15/20 (IF)             
910    New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Trust 2364,    11/15 at 100.00    AAA    797,870 
     Series 2005, 15.906%, 11/15/44 – AMBAC Insured (IF)             
3,250    New York State Municipal Bond Bank Agency, Special School Purpose Revenue Bonds, Series 2003C,    6/13 at 100.00    A+    3,321,078 
     5.250%, 6/01/22             
    New York State Thruway Authority, General Revenue Bonds, Residual Series 2005G:             
6,460     5.000%, 1/01/25 – FSA Insured (UB)    7/15 at 100.00    AAA    6,516,202 
2,580     5.000%, 1/01/26 – FSA Insured (UB)    7/15 at 100.00    AAA    2,586,914 
1,850    New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series    3/15 at 100.00    AAA    1,898,563 
     2005B, 5.000%, 3/15/24 – FSA Insured (UB)             
1,000    New York State Urban Development Corporation, Subordinate Lien Corporate Purpose Bonds, Series    7/14 at 100.00    A    1,024,410 
     2004A, 5.125%, 1/01/22             

50,715    Total New York            52,013,565 

    North Carolina – 4.2% (2.6% of Total Investments)             
10,300    North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series    No Opt. Call    AA    10,555,542 
     1993B, 6.000%, 1/01/22 – CAPMAC Insured             

    Ohio – 2.5% (1.5% of Total Investments)             
    Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue             
    Bonds, Senior Lien, Series 2007A-2:             
105     5.125%, 6/01/24    6/17 at 100.00    BBB    77,021 
1,050     5.875%, 6/01/30    6/17 at 100.00    BBB    671,360 
1,055     5.750%, 6/01/34    6/17 at 100.00    BBB    629,086 
2,355     5.875%, 6/01/47    6/17 at 100.00    BBB    1,332,600 
4,000    Ohio, Solid Waste Revenue Bonds, Republic Services Inc., Series 2004, 4.250%, 4/01/33    No Opt. Call    BBB    3,320,080 
     (Mandatory put 4/01/14) (Alternative Minimum Tax)             
250    Port of Greater Cincinnati Development Authority, Ohio, Economic Development Revenue Bonds,    10/16 at 100.00    N/R    216,388 
     Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/25             

8,815    Total Ohio            6,246,535 

    Oklahoma – 1.1% (0.7% of Total Investments)             
    Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2005:             
500     5.375%, 9/01/29    9/16 at 100.00    BBB–    316,730 
450     5.375%, 9/01/36    9/16 at 100.00    BBB–    265,554 
2,725    Tulsa County Industrial Authority, Oklahoma, Health Care Revenue Bonds, Saint Francis Health    12/16 at 100.00    AA    2,242,485 
     System, Series 2006, 5.000%, 12/15/36 (UB)             
44    Tulsa County Industrial Authority, Oklahoma, Health Care Revenue Bonds, Saint Francis Health    12/16 at 100.00    AA    29,820 
     System, Series 2006, Trust 3500, 8.406%, 12/15/36 (IF)             

3,719    Total Oklahoma            2,854,589 

    Oregon – 1.3% (0.8% of Total Investments)             
    Oregon, General Obligation Bonds, State Board of Higher Education, Series 2004A:             
1,795     5.000%, 8/01/21    8/14 at 100.00    AA    1,901,049 
1,240     5.000%, 8/01/23    8/14 at 100.00    AA    1,292,799 

3,035    Total Oregon            3,193,848 

    Pennsylvania – 0.8% (0.5% of Total Investments)             
2,000    Allegheny County Sanitary Authority, Pennsylvania, Sewerage Revenue Bonds, Series 2005A,    12/15 at 100.00    AA    2,011,360 
     5.000%, 12/01/23 – MBIA Insured             

    Rhode Island – 2.7% (1.6% of Total Investments)             
7,430    Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,    6/12 at 100.00    BBB    6,687,817 
     Series 2002A, 6.000%, 6/01/23             

    South Carolina – 8.3% (5.0% of Total Investments)             
2,500    Berkeley County School District, South Carolina, Installment Purchase Revenue Bonds, Securing    12/13 at 100.00    A–    2,530,650 
     Assets for Education, Series 2003, 5.250%, 12/01/24             
4,405    Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds,    12/14 at 100.00    AA–    4,493,320 
     GROWTH, Series 2004, 5.250%, 12/01/23             
835    Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series    12/13 at 100.00    AA    1,068,099 
     2008, Trust 3219, 18.227%, 12/01/19 (IF)             
3,620    Greenville, South Carolina, Hospital Facilities Revenue Refunding Bonds, Series 2003A, 5.250%,    5/13 at 100.00    AA–    3,697,359 
     5/01/21 – AMBAC Insured             
310    South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon    11/12 at 100.00    A3 (4)    356,770 
     Secours Health System Inc., Series 2002A, 5.625%, 11/15/30 (Pre-refunded 11/15/12)             
1,190    South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon    11/12 at 100.00    A–    1,041,274 
     Secours Health System Inc., Series 2002B, 5.625%, 11/15/30             
    South Carolina JOBS Economic Development Authority, Hospital Refunding and Improvement Revenue             
    Bonds, Palmetto Health Alliance, Series 2003C:             
4,895     6.375%, 8/01/34 (Pre-refunded 8/01/13)    8/13 at 100.00    BBB+ (4)    5,798,372 
605     6.375%, 8/01/34 (Pre-refunded 8/01/13)    8/13 at 100.00    BBB+ (4)    722,981 
1,025    Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement    5/12 at 100.00    BBB (4)    1,085,557 
     Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 (Pre-refunded 5/15/12)             

19,385    Total South Carolina            20,794,382 

    South Dakota – 0.6% (0.4% of Total Investments)             
1,750    South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sioux Valley    11/14 at 100.00    AA–    1,616,510 
     Hospitals, Series 2004A, 5.500%, 11/01/31             

    Tennessee – 1.3% (0.8% of Total Investments)             
2,060    Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding    7/23 at 100.00    AA (4)    2,082,557 
     and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25             
     (Pre-refunded 7/01/23) – MBIA Insured             
1,600    Johnson City Health and Educational Facilities Board, Tennessee, Revenue Bonds, Mountain    7/16 at 100.00    BBB+    1,090,928 
     States Health Alliance, Series 2006A, 5.500%, 7/01/36             
400    Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding    11/17 at 100.00    N/R    198,427 
     Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/37             

4,060    Total Tennessee            3,371,912 

    Texas – 7.5% (4.6% of Total Investments)             
1,075    Brazos River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC    10/13 at 101.00    Caa1    540,575 
     Project, Series 2003C, 6.750%, 10/01/38 (Alternative Minimum Tax)             
3,000    Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%,    5/14 at 100.00    AA    3,057,420 
     5/15/25 – MBIA Insured             
    Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson             
    Memorial Hospital Project, Series 2005:             
400     5.250%, 8/15/21    No Opt. Call    BBB–    337,000 
600     5.125%, 8/15/26    No Opt. Call    BBB–    441,306 
2,265    Lower Colorado River Authority, Texas, Contract Revenue Refunding Bonds, Transmission Services    5/13 at 100.00    A    2,297,797 
     Corporation, Series 2003C, 5.250%, 5/15/25 – AMBAC Insured             
290    Mansfield Independent School District, Tarrant County, Texas, General Obligation Bonds, Series    2/11 at 100.00    AAA    294,773 
     2001, 5.375%, 2/15/26             
1,710    Mansfield Independent School District, Tarrant County, Texas, General Obligation Bonds, Series    2/11 at 100.00    AAA    1,857,539 
     2001, 5.375%, 2/15/26 (Pre-refunded 2/15/11)             
950    North Texas Thruway Authority, Second Tier System Revenue Refunding Bonds, Series 2008,    1/18 at 100.00    A3    838,556 
     5.750%, 1/01/38             
1,000    Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Electric Company, Series    11/15 at 100.00    Caa1    437,330 
     2001C, 5.200%, 5/01/28             
3,000    Tarrant County Cultural & Educational Facilities Financing Corporation, Texas, Revenue Bonds,    2/17 at 100.00    AA–    2,474,940 
    Series 2007A, 5.000%, 2/15/36 (UB)             
230    Tarrant County Cultural and Educational Facilities Finance Corporation, Texas, Revenue Bonds,    2/17 at 100.00    AA–    142,648 
     Texas Health Resources Project, Trust 1031, 9.591%, 2/15/36 (IF)             
    Texas Tech University, Financing System Revenue Bonds, 9th Series 2003:             
3,525     5.250%, 2/15/18 – AMBAC Insured    8/13 at 100.00    AA    3,826,599 
2,250     5.250%, 2/15/19 – AMBAC Insured    8/13 at 100.00    AA    2,442,510 

20,295    Total Texas            18,988,993 

    Utah – 0.2% (0.1% of Total Investments)             
330    Utah Housing Corporation, Single Family Mortgage Bonds, Series 2001D, 5.500%, 1/01/21    7/11 at 100.00    Aaa    332,135 
     (Alternative Minimum Tax)             
25    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1996C, 6.450%, 7/01/14    7/09 at 100.00    Aaa    25,037 
     (Alternative Minimum Tax)             
70    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1997F, 5.750%, 7/01/15    7/09 at 100.00    Aaa    71,775 
     (Alternative Minimum Tax)             

425    Total Utah            428,947 

    Washington – 7.4% (4.5% of Total Investments)             
2,000    Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station –    7/12 at 100.00    Aaa    2,212,060 
     Nuclear Project 2, Series 2002C, 5.750%, 7/01/17 – MBIA Insured             
7,000    Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 1, Series    7/13 at 100.00    Aaa    7,814,310 
     2003A, 5.500%, 7/01/16 (UB)             
3,160    King County Public Hospital District 2, Washington, Limited Tax General Obligation Bonds,    6/11 at 101.00    AA–    3,171,344 
     Evergreen Hospital Medical Center, Series 2001A, 5.250%, 12/01/24 – AMBAC Insured             
1,000    Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital,    No Opt. Call    Baa2    868,170 
     Series 2003, 6.000%, 12/01/23             
4,280    Washington, General Obligation Refunding Bonds, Series 1992A and 1992AT-6, 6.250%, 2/01/11    No Opt. Call    AA+    4,460,744 

17,440    Total Washington            18,526,628 

    West Virginia – 1.8% (1.1% of Total Investments)             
2,000    West Virginia Water Development Authority, Infrastructure Revenue Bonds, Series 2003A, 5.500%,    10/13 at 101.00    AAA    2,381,580 
     10/01/23 (Pre-refunded 10/01/13) – AMBAC Insured             
2,150    West Virginia Water Development Authority, Loan Program II Revenue Bonds, Series 2003B,    11/13 at 101.00    A    2,221,981 
     5.250%, 11/01/23 – AMBAC Insured             

4,150    Total West Virginia            4,603,561 

    Wisconsin – 6.6% (4.0% of Total Investments)             
5,670    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian Healthcare    7/11 at 100.00    A–    5,353,671 
     Inc., Series 2001, 6.000%, 7/01/30             
160    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Divine Savior    5/16 at 100.00    BBB    107,360 
     Healthcare, Series 2006, 5.000%, 5/01/32             
1,000    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Fort Healthcare Inc.,    5/14 at 100.00    BBB+    940,790 
     Series 2004, 5.375%, 5/01/18             
205    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert and Community    10/11 at 101.00    AA–    192,749 
     Health Obligated Group, Series 2001, 5.375%, 10/01/30             
2,145    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert and Community    10/11 at 101.00    AA– (4)    2,404,845 
     Health Obligated Group, Series 2001, 5.375%, 10/01/30 (Pre-refunded 10/01/11)             
5,000    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,    2/10 at 101.00    BBB+    5,092,100 
     Series 1999, 6.250%, 2/15/18 – RAAI Insured             
2,500    Wisconsin State, General Obligation Bonds, Series 2008, Trust 2927, 4.750%, 5/01/25 –    5/16 at 100.00    AA    2,525,350 
     FGIC Insured (UB)             

16,680    Total Wisconsin            16,616,865 

    Wyoming – 0.4% (0.2% of Total Investments)             
1,350    Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds, FMC Corporation, Series 2005,    12/15 at 100.00    BBB    926,491 
     5.600%, 12/01/35 (Alternative Minimum Tax)             

$      478,991    Total Long-Term Investments (cost $418,704,625) – 162.5%            408,978,412 


    Short-Term Investments – 2.1% (1.3% of Total Investments)             
2,970    King County, Washington, Sewer Revenue Bonds, Variable Rate Demand Obligations, Series 2001,        A-1    2,969,500 
     Trust 554, 0.700%, 1/01/19 – FGIC Insured (6)             
1,300    Red River Authority, Texas, Pollution Control Revenue Bonds, Southwestern Public Service        A-1+    1,300,000 
     Company, Variable Rate Demand Obligations, Series 1996, 8.500%, 7/01/16 – AMBAC Insured (6)             
1,000    Virginia Resources Authority, Clean Water State Revolving Fund Revenue Bonds, Variable Rate        A-1    1,000,000 
    Demand Obligations, Series 2008, Trust 2917, 0.950%, 10/01/28 (6)             

$          5,270    Total Short-Term Investments (cost $5,269,500)            5,269,500 


    Total Investments (cost $423,974,125) – 164.6%            414,247,912 

    Floating Rate Obligations – (17.1)%            (42,995,000)

    Other Assets Less Liabilities – 2.9%            7,241,100 

    Preferred Shares, at Liquidation Value – (50.4)% (7)            (126,850,000)

    Net Assets Applicable to Common Shares – 100%          $  251,644,012 



(1)    All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
    shares unless otherwise noted. 
(2)    Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
    There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
    may be subject to periodic principal paydowns. 
(3)    Ratings: Using the higher of Standard & Poor's Group ("Standard & Poor's") or Moody's Investor Service, 
    Inc. ("Moody's") rating. Ratings below BBB by Standard & Poor's or Baa by Moody's are considered to 
    be below investment grade. 
    The Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AGC, AMBAC, 
    CIFG, FGIC, FSA, MBIA, RAAI and SYNCORA as of January 31, 2009. Subsequent to January 31, 2009, 
    and during the period this Portfolio of Investments was prepared, there may have been reductions to the 
    ratings of certain bonds resulting from changes to the ratings of the underlying insurers both during the 
    period and after period end. Such reductions would likely reduce the effective rating of many of the 
    bonds insured by that insurer or insurers presented at period end. 
(4)    Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency 
    securities which ensure the timely payment of principal and interest. Such investments are normally 
    considered to be equivalent to AAA rated securities. 
(5)    Investment, or portion of investment, has been pledged to collateralize the net payment obligations 
    for investments in derivatives entered into by the Fund during the period. 
(6)    Investment has a maturity of more than one year, but has variable rate and demand features which 
    qualify it as a short-term investment. The rate disclosed is that in effect at the end of the reporting 
    period. This rate changes periodically based on market conditions or a specified market index. 
(7)    Preferred Shares, at Liquidation Value as a percentage of Total Investments is 30.6%. 
N/R    Not rated. 
(ETM)    Escrowed to maturity. 
(IF)    Inverse floating rate investment. 
(UB)    Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
    provisions of SFAS No. 140. 

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No.157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund's investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level    1        Quoted prices in active markets for identical securities. 
Level    2        Other significant observable inputs (including quoted prices for similar securities, interest rates, 
            prepayment speeds, credit risk, etc.). 
Level    3        Significant unobservable inputs (including management's assumptions in determining the fair 
            value of investments). 

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund's fair value measurements as of January 31, 2009:

    Level 1    Level 2    Level 3    Total 

Investments    $ —    $ 414,247,912    $ —    $ 414,247,912 


Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to SFAS No. 140. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund. At January 31, 2009, the cost of investments was $380,863,234.

Gross unrealized appreciation and gross unrealized depreciation of investments at January 31, 2009, were as follows:


Gross unrealized:     
  Appreciation    $ 17,820,851 
  Depreciation    (27,442,120)

Net unrealized appreciation (depreciation) of investments    $ (9,621,269) 



Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen Premier Municipal Income Fund, Inc.         

By (Signature and Title)          /s/ Kevin J. McCarthy                    
                                                  Kevin J. McCarthy
                                                  Vice President and Secretary

Date         April 1, 2009        

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)         /s/ Gifford R. Zimmerman                    
                                                 Gifford R. Zimmerman
                                                 Chief Administrative Officer (principal executive officer) 

Date         April 1, 2009        

By (Signature and Title)         /s/ Stephen D. Foy                              
                                                 Stephen D. Foy
                                                 Vice President and Controller (principal financial officer) 

Date        April 1, 2009        

EX-99.CERT 2 certification1.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Gifford R. Zimmerman, certify that:

  1. I have reviewed this report on Form N-Q of Nuveen Premier Municipal Income Fund, Inc.;
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
  4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
    1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
    2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
    3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
    4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
  5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         April 1, 2009        

        /s/ Gifford R. Zimmerman        
Gifford R. Zimmerman
Chief Administrative Officer
(principal executive officer)



CERTIFICATIONS

I, Stephen D. Foy, certify that:

  1. I have reviewed this report on Form N-Q of Nuveen Premier Municipal Income Fund, Inc.;
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
  4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
    1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
    2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
    3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
    4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
  5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         April 1, 2009        

        /s/ Stephen D. Foy        
Stephen D. Foy 
Vice President and Controller
(principal financial officer)


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